Don't be too greedy

Don't be too greedy, but don't play it too safe either. On the one hand, you shouldn't be overly ambitious with your profit objectives. You must always stay realistic if you don't want to lose it all. But on the other hand, you can't be too cautious otherwise your profits won't be worthwhile. Give your position a good chance to make a fair profit by using sensible stop-loss and take-profit levels. Learning how to strike a balance between those two opposite tendencies will help boost your profit.